San Diego County Construction Contracts Dropped Sharply From 2013

Contracts awarded in January for future construction in San Diego County were down 78 percent from the first month of 2013, according to new data from McGraw-Hill Construction.

Nonresidential and residential contracts for the month had a total value of $131.7 million. An 88 percent drop in nonresidential projects was partially offset by a 5 percent increase in residential contracts.

January’s $63.6 million in nonresidential contracts included office, industrial, retail, educational, government and other nonhousing projects. Residential contracts, covering single-family and multifamily housing, totaled $68.1 million for the month.